Global Energy Storage Market for Microgrids 2015-2019 is a new research report added by Sandlerresearch.org under the Energy & Power category. According to the report, rapid industrial development, economic growth, and the need for rural electrification have encouraged policymakers to deploy microgrids and develop renewable distributed energy generation techniques.

Microgrids are remote grids that can operate independently from conventional grid networks. They have control capabilities and are geared to connect to a main grid at a point of coupling that can maintain the voltage at the same levels as the main grid. These grids are also capable of negating instabilities by enabling the deployment of renewable energy sources such as solar PV and wind energy.

Further, the use of renewable energy sources to serve remote areas helps reduce T&D losses by boosting efficiencies of the overall system. Various technologies such as advanced li-ion, advanced lead-acid, flow batteries, sodium-metal halide, and flywheels technologies are available for energy storage for microgrids.

The analysts forecast global energy storage market for microgrids to grow at a CAGR of 27.8% over the period 2014-2019.

Covered in this report

The report covers the present scenario and the growth prospects of the global energy storage market for microgrids for the period 2015-2019. The market has been segmented based on geography and technology.

The report, Global Energy Storage Market for Microgrids 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.

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